New Found Gold Soars 11.52% on Queensway Project Milestone

On July 22, 2025, New Found Gold surged 11.52% in pre-market trading, marking a significant rise in its stock price.

New Found Gold recently announced the completion of an initial Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) for its Queensway project. This development is a key milestone for the company, as it provides a comprehensive evaluation of the project's economic viability and resource potential. The PEA details the project's financial and operational aspects, including cost estimates and production forecasts, which are crucial for investors and stakeholders.

The company has also scheduled a conference call and webcast for July 22, 2025, at 10 am ET to discuss the PEA results and provide further insights into the Queensway project. This event is expected to attract significant attention from the investment community, as it will offer a detailed overview of the project's prospects and potential impact on the company's future performance.